NU Online News Service, June 20, 1:44 p.m. EDT
In spite of the fact that commercial renewal prices continued to fall in the first quarter, a composite pricing index based on reports from 1,200 risk managers shows that prices are still 15 percent higher than at year-end 2000.
According to New York-based Advisen, a provider of insurance-related data and research, average first-quarter 2011 commercial renewal prices were 2.4 percent lower than in first-quarter 2010.
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